๐Ÿ“ˆ TKer by Sam Ro

๐Ÿ“ˆ TKer by Sam Ro

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๐Ÿ“ˆ TKer by Sam Ro
๐Ÿ“ˆ TKer by Sam Ro
Wall Street pros warn of more stock market volatility ๐ŸŽข

Wall Street pros warn of more stock market volatility ๐ŸŽข

Minneapolis Fed's Kashkari 'actually happy' about the sell-off ๐ŸฅŠ

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Sam Ro, CFA
Aug 29, 2022
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๐Ÿ“ˆ TKer by Sam Ro
๐Ÿ“ˆ TKer by Sam Ro
Wall Street pros warn of more stock market volatility ๐ŸŽข
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The Fed-sponsored financial market beatings continue.

The S&P 500 fell 3.4% on Friday and another 0.7% on Monday after Federal Reserve Chair Jerome Powell reiterated that the central bankโ€™s ongoing efforts to cool inflation would come with โ€œsome painโ€ in the economy.

โ€œI was actually happy to see how Chair Powell's Jackson hole speech was received,โ€œ Neel Kashkari, President of the Minneapolis Fed, said to Bloomberg on Monday.1

As TKer subscribers know, Powellโ€™s message was consistent with what Fed officials have been saying for months, and it refuted the idea that they pivoted in a dovish way at their July meeting.

All this means that investors should continue to brace for market volatility as we await โ€œcompelling evidenceโ€ that inflation is coming down.

โ€œFor the near term at least, pain will be the name of the game,โ€ Sam Stovall, chief investment strategist for CFRA Research, said on Monday.

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